United States, Rockville, MD, June 13, 2022 (GLOBE NEWSWIRE) -- As of 2022, the polyfilm market stands at a valuation of US$ 131.77 billion and is estimated to increase at a CAGR of 3.5% through 2032. These insights, and much more, are provided in the latest market survey performed by Fact.MR, a market research and competitive intelligence provider.
Rising scope of application for polyfilms in various industry verticals is expected to significantly drive market growth over the forecast period. Rising disposable income of the general population has resulted in increased sales via e-Commerce channels and has subsequently increased the demand for appropriate packaging as well. Polyflim is widely used for packaging purposes for a wide range of products.
However, strict regulations banning the use of plastic products and the strenuous recycling process of polyfilms are expected to restrain market growth to some extent.
Polyfilm manufacturers are focusing on developing new products that are more sustainable and compliant with the new sustainability norms being implemented across the world. Key players in this market are Formosa Plastics Corporation, Garware Polyester Limited, Max Speciality Films Limited (MSFL), Polyplex Corporation Ltd., SRF Limited, and Taghleef Industries SpA.
For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7456
Key Takeaways from Market Study
- The global polyfilm market is valued at US$ 131.77 billion in 2022.
- Over the forecast period (2022-2032), consumption of polyfilm is estimated to increase at a CAGR of 3.5%.
- The market is predicted to reach a valuation of US$ 185.18 billion by 2032.
- Increasing demand for polyfilm in packaging, rising disposable income, growing use of polyfilm in the medical industry, and advancements in the agriculture industry are expected to be major trends driving polyfilm market growth.
- Strict mandates to conserve the environment and the difficult recycling procedures of polyfilm are anticipated to constrain market growth potential to some extent.
- The North America polyfilm market is expected to be valued at US$ 58.8 billion by 2032 while expanding at a CAGR of 3.7%.
- The agriculture industry accounts for a dominant market share of 28.6%.
- The market for polyfilms in China accounts for US$ 18.05 billion in 2022 and is expected to hold a dominant market share of 47.1% in the APAC region by 2032.
- The LLDPE segment is estimated to expand at a CAGR of 3.6% over the forecast period.
For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=7456
Winning Strategy
Polyfilm manufacturers are increasing their investments in research and development divisions to develop new products that are compliant with current sustainability norms.
Polyfilm manufacturing companies are also expected to focus on the packaging end-use vertical to increase their sales and profits across regions, such as catering to the rising need for flexible packaging solutions.
Market players are also eyeing mergers, acquisitions, and collaborations to increase their market presence and gain a competitive advantage over others.
- In March 2022, Jindal Polyfilms, a manufacturer of films based in India, announced that it had signed a pact to sell off 25% stake in its packaging film business to Brookfield Asset Management.
Key Segments Covered in Polyfilm Industry Research
Polyfilm Market by Type :
- LLDPE
- Poly LDPE Shrink Film
- HDPE Poly Film
- Other Resin Types
Polyfilm Market by End-use Industry :
- Agriculture
- Polyfilm Packaging Market
- Building & Construction
- Consumer Goods
- Other End-use Industries
Polyfilm Market by Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7456
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global polyfilm market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market based on type (LLDPE, LDPE, HDPE, other types) and end-use industry (agriculture, packaging, building & construction, consumer goods, other end-use industries), across five major regions (North America, Latin America, Europe, APAC, and the MEA).
About the Chemicals and Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the chemicals and materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore More Chemical and Materials Industry Reports:
Methyl Chloride Market - Methyl Chloride Market Analysis By Function (Methyl Chloride Intermediates, Methyl Chloride Refrigerants & Methyl Chloride Solvents) By Application & By Region – Global Market Insights 2022 to 2032
Cenospheres Market - Cenospheres Market Analysis By Type (Gray Cenospheres, White Cenospheres), By End Use (Refractories, Construction, Oil & Gas, Automotive, Paints & Coatings) & Region - Global Forecast 2022 to 2032
Europe Alkyl Polyglucoside Market - Europe Alkyl Polyglucoside Market Analysis By Product (Coco Alkyl Polyglucosides, Lauryl Alkyl Polyglucosides, Decyl Alkyl Polyglucosides & Capryl Alkyl Polyglucosides) By Application, By Primary Function & By Country – Europe Market Insights 2022 to 2032
Hyaluronic Acid Market - Hyaluronic Acid Market Analysis By Application (Dermal Fillers, Osteoarthritis, Ophthalmic), By Distribution Channel (Offline, Online), By End Use, By Region - Global Forecast - 2022-2032
Coupling Agents Market - Coupling Agents Market Analysis by Type (Sulfur Silane, Vinyl Silane, Epoxy Silane, Amino Silane), by Application (Rubber & Plastics, Fiber Treatment, Adhesive & Sealants, Paints & Coatings) & Region - Global Forecast 2022-2032
Europe High Temperature Coatings Market - Europe High Temperature Coatings Market Analysis, By Type (Silicone, Epoxy, Aluminium, Polyurethane, PPS, PTFE), By Technology (Water, Solvent, Solid-based), By Component, by Coating Surface, by Surface Temperature Range, by Curing Mechanism, by Use Case, by Application & Country 2022-2032
Glutathione Agarose Resin Market - Glutathione Agarose Resin Market Analysis By Product (Glutathione Reduced & Glutathione Oxidized Agarose Resin) By Application (Immunoprecipitation, Protein Purification & Research) By Region – Global Market Insights 2022 to 2032
Road Marking Paints and Materials Market - Road Marking Paints and Materials Market by Type (Paint based Materials, Performance-based Materials), by Application (Road and Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking), by Region- 2022 to 2032
Industrial Enzymes Market - Industrial Enzymes Market By Product Type (Carbohydrases, Proteases, Lipases) By Application (Technical, Feed Additives, Food Processing), By End Use - Global Forecast 2022-2032
Specialty Oilfield Chemicals Market - Specialty Oilfield Chemicals Market Analysis By Type (Specialty Oilfield Chemical Demulsifiers, Modifiers, Reducers, Biocides, Surfactants, Inhibitors & Scavengers) By Application and By Region – Global Market Insights 2022 to 2032
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
